Electrohome shares cancelled and de-listed from NEX



    KITCHENER, ON, Oct. 1 /CNW/ - Electrohome Limited announced today that
effective as of the close of business on Wednesday, October 1, 2008, all of
the Class X voting shares (ELL.H) and Class Y non-voting shares (ELL.K) of the
Company have been cancelled and de-listed from the NEX board of the TSX
Venture Exchange in accordance with the Court approved Plan of Arrangement.
    Electrohome Limited is currently operating under a Plan of Arrangement
approved by the Company's shareholders on September 11, 2008 and by the
Ontario Superior Court of Justice on September 16, 2008. As consideration for
the cancellation of their shares, the former holders of the Class X and Class
Y shares of the Company are entitled under the Plan of Arrangement to receive
a final distribution of any remaining assets of the Company following the
fulfillment of any remaining liabilities and obligations of the Company. For
further information, refer to the Company's Information Circular dated August
12, 2008.
    Additional information pertaining to the Company's regulatory filings
including annual reports, annual information forms, management information
circulars, etc. can be found on the SEDAR website at www.sedar.com. On or
about October 2, 2008, former shareholders will no longer be able to obtain
information about the Company from its website; the only sources of
information about Electrohome Limited will be historical materials or such
publications that may be accessible through websites such as SEDAR.

    
    TSX Venture Exchange has not reviewed and does not take responsibility
    for the adequacy or accuracy of this release.
    




For further information:

For further information: John A. Pollock, Chairman and Chief Executive
Officer at (519) 749-3182 or Gary Dumoulin, Vice-President and Secretary at
(519) 749-3120

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ELECTROHOME LIMITED

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